In 2023, the labour cost per employee Full-Time Equivalent (FTE) in the UK Aircraft and Spacecraft sector stood at a historical amount in Thousand Euros. Forecast data suggest a consistent year-on-year increase in labour costs from 2024 to 2028. Specifically, values are forecasted to rise from 73.8 in 2024 to 77.0 by 2028, indicating steady growth each year.
Key observations include:
- The labour cost is anticipated to rise by approximately 1.22% between 2024 and 2025.
- There is a forecasted increase of about 1.07% from 2025 to 2026.
- A further escalation by around 0.93% is expected from 2026 to 2027.
- Lastly, an increment of approximately 1.05% is projected from 2027 to 2028.
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is estimated to be around 1.05% per year.
Future trends to watch for include potential impacts from technological advancements, changes in regulatory environments, and any significant shifts in labor market dynamics. Tracking these factors will be crucial for anticipating further changes in labour costs within this sector.
